Overview
- ITR-3 filings rose 45.4% and ITR-2 filings increased 17% in FY 2024–25, signaling growth in business, trading and investment income.
- Millennials (25–35) account for 42.3% of ITR-3 filers, lead both new and returning trading taxpayers, and a large majority of these filers report capital gains.
- The share of salaried taxpayers earning above Rs 30 lakh climbed from 18.49% in 2024 to 23.34% in 2025, with nearly 38% of the 40–50 cohort above this threshold.
- Among under‑25 taxpayers, ITR-2 growth of 18% indicates first-time filers increasingly report investment income rather than only salaries.
- Virtual digital asset activity remains niche and male‑skewed at 76.63%, while female representation in the 40–50 high‑earning bracket drops to 19.5% from 26.8% at ages 30–35.